scalp v swing

[Zenyatta]

It's a shame you never came to the office!

Oh, I'm sure I'll make a come-back at some point soon, and try the trading again, but I have to wait until I get another big gambling win, I don't want to be using my own money on this trading gig.

What my results do show is that gambling and trading definitely don't mix (I'm a net winner on gambling and a net loser on trading).

[Iron]

Oh, I'm sure I'll make a come-back at some point soon, and try the trading again, but I have to wait until I get another big gambling win, I don't want to be using my own money on this trading gig.

If you have an edge, you'll be able to make a tenner grow very quickly, given how many races there are to trade. There's no need to start out with a huge chunk of money.

What you need to address, though, is why you didn't succeed last time. Was it your technique or your discipline, and how will you ensure that you don't repeat your past mistakes? If you can't answer the question of 'What's different this time?', you'll just be setting yourself up for further frustration.

Jeff

[fretinapaul]

Specifically with scalping, you can never rely on a stable market remaining stable enough for long enough to allow you to make a decent profit and even in those races that do stay stable for considerable periods (eg long odds on shots) you will not get much money through the market due to the very large volumes at each price point.

Isn't that precisely what many scalpers do day after day though, i.e. put lots of money through relatively stable markets?

It's something I've been doing myself recently, and if you choose the right market it's a fairly low risk and lucrative way of trading.

Jeff

As Jeff stated, I also have the same doubt that scalping is reliable on stable market and also he mentioned about right market having fairly low risk. But am worried how can find it?

[L.o.S]

As Jeff stated, I also have the same doubt that scalping is reliable on stable market and also he mentioned about right market having fairly low risk. But am worried how can find it?

Look for tight ranges, higher class races/handicaps (ie class 1/2 or grp1 etc), lots of traded money and ideally before the 2 minutes pre-off period. None of these is a guarantee though, and a good scalping market can turn volatile very quickly so you have to be on the ball. Be careful if scalping when the previous race is finishing and within the last 2 minutes.

Worth noting that sometimes they just appear. There was a race yesterday, I think it was a maiden, and the range stayed within 4/5 ticks right up until the off.

I do still get caught out scalping though and earlier posters make a good point about how a market can be suitable for scalping at one period and then switch at the drop of a hat.

[switesh]

I created this chart to show how much allowance/tolerance a movement in the price of any runner can be absorbed by the gap in book % before something else begins to counteract.
Perhaps someone could correct my calculations if they're wrong.

I think Mugs demonstrates this in one of his market reading videos.

e.g. a runner priced at 1.5 could move 5 ticks if there is a gap of 2% in the book before something else begins to give way.

It usually comes handy in 'Swingy' markets (e.g. weak Irish courses with thin volume and price gaps) where some quick small jumps in short odds have almost no impact on other runners for a short time until the book% tightens, or another runner begins to respond.

------------------------------------------------------
On the subject of book % I noticed something strange yesterday - I knew it was an opportunity but couldn't work out how to profit from it.
It was one of the Irish races later in the evening where the 3rd rnr gave trouble at post-time and was about to be a non-runner, but the race went off before BF could withdraw this runner. I saw the Lay side (the % displayed on the right side) of the book remain between 103 to 137% in-running for quite some time. Was that a Bookmaking opportunity?

[convoysur-2]

Hi swetish
(It was one of the Irish races later in the evening where the 3rd rnr gave trouble at post-time and was about to be a non-runner, but the race went off before BF could withdraw this runner. I saw the Lay side (the % displayed on the right side) of the book remain between 103 to 137% in-running for quite some time. Was that a Bookmaking opportunity?)
the answer is NO ,if they havent taken out from the market the non runner and you lay the field for the over-round you will lose money as the rule 4 deduction will be taken from your settlement,,
how ever alot of serious traders dont bother about smaller irish races and i have on occasion made good money when a non runner has been deducted from the book and there is still a nice over-round but this dosnt happen often...
hope that helps .marc ..